The
new application ‘trades on the news’ by using street sentiment
and market data to screen and auto-trade elite stocks”, says
Clemons, Stock Circles CMO. “The new application was trained over
the course of 2 years to identify trading opportunities and to
auto-trade elite stocks."

"We
are very happy with the results we are seeing", said Clemons.
"The application simplifies stock investing to a few steps. It
truly lowers the barrier to entry for customers interested in
short-term stock investing."

Stock
Circles’ management anticipates that Fintech innovations like Smart
Auto-Trading will eventually replace personal investment workflows.
“This technology virtually eliminates the need to pay someone to
watch over your portfolio", says Clemons. "With this
innovation, gone are the days of staring at a Bloomberg terminal for
the purpose of identifying trading opportunities."

If
you are interested in short-term stock investing or just curious
about how this innovation can help you become a better investor, you
can try Stock Circles Smart Auto-Trading in simulation mode
at http://www.stockcircles.com.
"Best of all, it's free" says Clemons.

New robot ‘trades on the new’, copyrights Stock Circles Inc.
2017

About Stock Circles

Stock
Circles is a Los Angeles software company with the mission to
simplify stock investing. For further information, please contact Ms.
Clemons via email at: jana@stockcircles.com.

About TradeKing

TradeKing
provides and facilitates application program interface (API) access
for third-party software developers. TradeKing account holders may
log into their TradeKing account when utilizing a third-party site
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their products that utilize the TradeKing API.

Saturday, December 10, 2016

Ankeny, IA, December 7, 2016—Casey's
General Stores, Inc. (Nasdaq symbol CASY) today reported diluted
earnings per share of $1.44 for the second quarter of fiscal 2017 ended
October 31, 2016, compared to $2.00 per share for the same quarter a
year ago. Year to date, diluted earnings per share were $3.14 versus
$3.57 a year ago. "The second quarter fuel margin was 6.1 cents per
gallon lower than the 24.7 cents per gallon record quarterly fuel margin
from a year ago, which impacted the second quarter diluted earnings by
approximately $0.52 per share," said Terry Handley, President and CEO.
"For the second quarter, gross profit dollars excluding fuel were up
7.5% and total fuel gallons sold increased 7.1%. Given the ongoing
challenges in the broader convenience and food service industries, we
are pleased with the performance of our stores. In addition, we are
well-positioned for future expansion as the number of sites under
contract for new-store construction has grown to 84, which is nearly
double from a year ago."

Fuel—The Company's annual goal for fiscal 2017 is
to increase same-store gallons sold 2.0% with an average margin of 18.4
cents per gallon. For the quarter, same-store gallons sold were up 3.7%
with an average margin above goal at 18.6 cents per gallon.
"Same-store gallons sold for the quarter were well ahead of the annual
goal as retail fuel prices remained low and the fuel saver programs
continued to drive incremental gallon sales," said Handley. "Fuel
margin per gallon for the quarter was lower than the same quarter in the
prior year due to decreased volatility in wholesale fuel costs." The
Company sold 17.8 million renewable fuel credits for $15.9 million
during the second quarter. For the six months ended October 31, 2016,
total gallons sold were up 7.0% to 1.1 billion gallons. Gross profit
dollars for the same time period were down 3.3% to $203.5 million
primarily due to a lower margin. Year to date, same-store sales were up
3.3% with an average margin of 19.1 cents per gallon.
Grocery &
Other Merchandise—Casey's annual goal for fiscal 2017 is to
increase same-store sales 6.2% with an average margin of 32.0%. For the
quarter, same-store sales were up 3.1% with an average margin of 32.0%.
"A slowing of in-store traffic and tightening of consumer spending
caused by the ongoing pressures in our operating area adversely impacted
same-store sales throughout the quarter," said Handley. "However, the
Company continues to be an industry leader in same-store sales growth of
many key products within the category, including cigarettes." Year to
date, same-store sales were up 3.8% with an average margin of 31.8%.
Total sales for the first six months were up 6.5% to $1.1 billion while
total gross profit dollars increased 5.8% to $353.7 million.
Prepared Food & Fountain—The goal for fiscal 2017 is to
increase same-store sales 10.2% with an average margin of 62.5%.
Same-store sales for the quarter were up 5.1% with an average margin of
62.9%. "Consistent with reports from other food service operators, we
continued to experience a softening of in-store traffic that resulted in
same-store sales below our annual goal. Total sales for the second
quarter were up 8.3%, while our same-store sales remained consistent
with first quarter results," said Handley. "The growth programs
continue to provide strong sales lifts, and we are encouraged by the
growth in sales coming from on-line orders." Year to date, total
prepared food and fountain sales were up 8.7% to $492 million, and total
gross profit dollars were up 8.5% to $309.4 million. For the first six
months, same-store sales were up 5.1% with an average margin of 62.9%.
Operating Expenses—In the second quarter, operating expenses
increased 10.2% to 295.3 million. Year to date, operating expenses
increased 10.5% to $587.4 million. "Both the quarter-to-date and
year-to-date increases were in-line with our expectations, and primarily
driven by an increase in wages due to operating more stores this year
compared to the same period one year ago, the continued rollout of the
various growth programs, and wage rate increases," said Handley. "The
Company remains committed to offering competitive wages and benefits in
an effort to be the employer of choice in our industry." Store-level
operating expenses for the quarter were up 4.9% at stores not impacted
by growth programs.
Expansion—The Company's annual goal for fiscal 2017 is to
build or acquire 77 to 116 stores, replace 35 existing locations, and
complete 100 major remodels. Through six months, the Company built and
opened 11 new stores, acquired six stores, completed 12 replacements,
and remodeled 24 stores. In addition, the Company currently has 39 new
stores, 22 replacement stores, and 37 major remodel stores under
construction. Finally, the Company has 84 sites under contract for
future new store construction and 15 acquisition stores under contract
to purchase. "We have made strides in ramping up store growth as the
number of sites under contract for new builds continues to accelerate,"
said Handley. "There has been increased dialogue with acquisition
targets compared to a year ago; however, we will remain disciplined in
our evaluation of these opportunities. We are excited about the
Company's future growth."

Dividend— At its December meeting, the Board of Directors declared a quarterly dividend of $0.24 per share. The dividend is payable February 15, 2017 to shareholders of record on February 1, 2017.

****

Certain statements in this news release, including any discussion of
management expectations for future periods, constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties, and other factors that may cause actual
results to differ materially from future results expressed or implied by
those statements. Casey's disclaims any intention or obligation to
update or revise forward-looking statements, whether as a result of new
information, future events, or otherwise.

Corporate information is available at this Web site: http://www.caseys.com. Earnings will be reported during
a conference call on December 8, 2016. The call will be broadcast live over the Internet at 9:30 a.m. CST via the
Investor Relations section of our Web site and will be available in an archived format.

Thursday, December 8, 2016

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Friday, November 11, 2016

LOS ANGELES--(BUSINESS WIRE)--Gores Holdings, Inc. (“Gores Holdings”) (NASDAQ CM: GRSHU, GRSH, GRSHW),
a special purpose acquisition company sponsored by an affiliate of The
Gores Group, LLC (“The Gores Group” or “Gores”), today announced that it
completed the acquisition of Hostess Brands, LLC (“Hostess Brands”), the
maker of Hostess® Twinkies®, Ding Dongs®
and CupCakes. The transaction has been unanimously approved by the
Boards of Directors of both Gores Holdings and the indirect parent of
Hostess Brands, and was approved at a special meeting of Gores Holdings’
shareholders on November 3, 2016. In connection with the transaction,
Gores Holdings has been renamed Hostess Brands, Inc. (“Hostess” or “the
Company”), and its common stock and warrants will trade on NASDAQ under
the symbols “TWNK” and “TWNKW”, respectively.

As previously announced, along with the $375 million of Gores Holdings’
shareholder equity, additional investors comprising large institutional
investors, C. Dean Metropoulos (through $50 million of additional
rollover contribution) and Gores affiliates participated in a $350
million private placement, led by Alec Gores, Chairman and CEO of The
Gores Group. Additionally, funds managed by affiliates of Apollo Global
Management, LLC (together with its consolidated subsidiaries, “Apollo”)
(NYSE: APO) and C. Dean Metropoulos and family, the prior majority
owners of Hostess, will continue to hold an approximately 42% combined
stake in the Company. Dean Metropoulos and William Toler continue to
lead Hostess as Executive Chairman and Chief Executive Officer,
respectively.
Dean Metropoulos, Executive Chairman of Hostess, stated, “We are excited
to introduce Hostess as a public company and I am extremely proud of the
job our team has done in repositioning and growing Hostess during the
past four years. I believe the Company has strong growth potential and
can think of no one better to partner with in this next journey than
Alec Gores and the Gores team who have a well-earned reputation for not
only identifying, but adding value to the businesses with which they
affiliate.”
Alec Gores, Chairman and CEO of The Gores Group, said, “Hostess and its
best-known product are the epitome of American icons. Dean, Bill and
their team have done an outstanding job of positioning the Company for
future, profitable growth. We are thrilled to be part of the next stage
in this Company’s life and look forward to helping create value for our
shareholders.”
Andrew Jhawar, Senior Partner and Head of the Consumer & Retail Group at
Apollo, added, “Hostess has many exciting levers for continued growth
going forward, and the Company is well positioned given its strong
leadership, dedicated team members and loyal customer base. Becoming a
public company is the next evolution in the revitalization of Hostess.
Our team at Apollo looks forward to working with the Gores team, the
Company’s new Board members and Dean, Bill and the rest of the
management team in assisting to drive profitable growth and future
shareholder value at Hostess.”
In 2013, C. Dean Metropoulos and certain funds affiliated with Apollo
acquired select Hostess assets out of the liquidation of the old Hostess
Brands company. That summer, they returned Hostess products to store
shelves after a months-long absence in what became one of the biggest
news stories of the year. Since that time, the management team has
successfully rebuilt the business and the brand through investments to
enhance operations, creative product innovation, expanded distribution
through a direct-to-warehouse system, targeted acquisitions and a
competitive business model. Hostess had revenues for the twelve months
ended June 30, 2016 of approximately $658 million and operates five
baking facilities located in Emporia, KS, Indianapolis, IN, Columbus, GA
and Southbridge, MA.
Upon completion of the transaction, the Hostess Board of Directors
consists of Dean Metropoulos, Mark Stone, Andrew Jhawar, Larry Bodner,
Neil Defeo, Jerry Kaminski and Craig Steeneck.
Deutsche Bank Securities Inc. acted as lead capital markets advisor and
financial advisor, Moelis & Company and Morgan Stanley acted as
joint-capital markets advisors and Weil, Gotshal & Manges LLP acted as
legal advisor to Gores Holdings. Rothschild Inc., Credit Suisse
Securities (USA) LLC and Perella Weinberg Partners LP acted as M&A
advisors to Hostess Brands. Morgan, Lewis & Bockius LLP acted as legal
advisor to Apollo and Hostess Brands. Paul, Weiss, Rifkind, Wharton &
Garrison LLP acted as legal advisor and UBS acted as financial advisor
to Dean Metropoulos and his family.
About Hostess Brands, Inc.
Hostess is one of the largest packaged food companies focused on
developing, manufacturing, marketing, selling and distributing fresh
baked sweet goods in the United States. The brand’s history dates back
to 1919, when the Hostess CupCake was introduced to the public, followed
by Twinkies® in 1930. Today, Hostess produces a variety of
new and classic treats including Ding Dongs®, Ho Hos®,
Donettes® and Fruit Pies, in addition to Twinkies®
and CupCakes.
For more information about Hostess products and Hostess Brands, please
visit hostesscakes.com.
Follow Hostess on Twitter: @Hostess_Snacks;
on Facebook: facebook.com/Hostess;
on Instagram: Hostess_Snacks;
and on Pinterest: pinterest.com/hostesscakes.
About Gores Holdings, Inc.
Gores Holdings is a special purpose acquisition company sponsored by an
affiliate of The Gores Group, for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. Gores Holdings completed its initial public offering in
August 2015, raising approximately $375 million in cash proceeds. Gores
Holdings’ officers and certain of its directors are affiliated with The
Gores Group. Founded in 1987 by Alec Gores, The Gores Group is a global
investment firm focused on acquiring controlling interests in mature and
growing businesses which can benefit from the firm's operating
experience and flexible capital base. Over its nearly 30 year history,
The Gores Group has become a leading investor having demonstrated a
reliable track record of creating value in its portfolio companies
alongside management. Headquartered in Los Angeles, The Gores Group
maintains offices in Boulder, CO, and London. For more information,
please visit www.gores.com.
About Apollo Global Management, LLC
Apollo (NYSE: APO) is a leading global alternative investment manager
with offices in New York, Los Angeles, Houston, Chicago, Bethesda,
Toronto, London, Frankfurt, Madrid, Luxembourg, Singapore, Mumbai,
Delhi, Shanghai and Hong Kong. Apollo had assets under management of
approximately $189 billion as of September 30, 2016, in private equity,
credit and real estate funds invested across a core group of nine
industries where Apollo has considerable knowledge and resources. For
more information about Apollo, please visit www.agm.com.
About Metropoulos & Co.
Metropoulos & Co. is a merchant banking and management firm focused
principally on the food and consumer sectors in the United States and
Europe. Dean Metropoulos and his management team partners have been
involved in more than 83 acquisitions with over $20 billion of aggregate
transaction value. Companies where Metropoulos & Co. has been an
investor and Dean Metropoulos has been an executive include: Pabst
Brewing Company, Pinnacle Foods, Aurora Foods, Stella Foods, The
Morningstar Group, International Home Foods, Ghirardelli Chocolates,
Mumm and Perrier Jouet Champagnes and Hillsdown Holdings, PLC (Premier
International Foods, Burtons Biscuits and Christie Tyler Furniture),
among others.
Forward-Looking Statements
This press release contain statements reflecting our views about our
future performance that constitute “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995 that
involve substantial risks and uncertainties. Forward-looking statements
are generally identified through the inclusion of words such as
“believes,” “expects,” “intends,” “estimates,” “projects,”
“anticipates,” “will,” “plan,” “may,” “should,” or similar language.
Statements addressing our future operating performance and statements
addressing events and developments that we expect or anticipate will
occur are also considered as forward-looking statements. All forward
looking statements included herein are made only as of the date hereof.
The Company undertakes no obligation to update any forward-looking
statement, whether as a result of new information, future events, or
otherwise.

KANSAS CITY, Mo.--(BUSINESS WIRE)--Hostess Brands, Inc. (NASDAQ: TWNK, TWNKW)(the “Company”), one of the
largest manufacturers and marketers of sweet baked goods including
Twinkies®, Ding Dongs®, Ho Hos®, Donettes® and a variety of new and
classic treats, today reported third quarter ended September 30, 2016
financial results for its subsidiary Hostess Holdings, L.P. (“Hostess”).
Third quarter 2016 financial results for Hostess reflect the three
months ended September 30, 2016, prior to the closing of the recent
business combination (the “Business Combination”) between Hostess and
the Company (f.k.a.Gores Holding, Inc.) which occurred on November 4,
2016. In connection with the closing of the Business Combination, the
Company acquired a controlling interest in Hostess Holdings, L.P. and
changed its name to Hostess Brands, Inc.
Third Quarter Financial Highlights

(All comparisons above are with respect to the third quarter of 2015)
“We are very pleased with Hostess’s third quarter financial results
which are evidence of the successful execution of our strategy to
continue to build out our whitespace distribution opportunities and
enhance our product assortment through innovation and new product
development,” commented Bill Toler, President and Chief Executive
Officer of the Company. “The completion of our merger with the Gores
team marks an exciting milestone in Hostess’s history as we take another
meaningful step forward in our business evolution. We believe Hostess
has significant potential to leverage our well-established sweet baked
goods brand portfolio to drive continued sales growth, profitability and
value for our shareholders.”
Third Quarter 2016 Financial Results
Net revenues were $196.2 million, an increase of $38.0 million or 24.0%,
compared to net revenues of $158.2 million for the third quarter of 2015
primarily due to an increase in the number of cases sold as a result of
increased distribution in convenience and drug channels and expanded
product offerings. Superior Cake Products, Inc. (“Superior”) acquired by
Hostess on May 10, 2016, contributed $9.7 million in net revenues for
third quarter of 2016. Sweet Baked Goods represented 88.7% and Other
represented 11.3% of net revenues, respectively.
Gross profit was $86.6 million, or 44.1% of net revenues, compared to
gross profit of $59.6 million, or 37.7% of net revenues, for the third
quarter of 2015. After excluding a $4.0 million credit to recall costs
related to flour and $2.6 million of incentive compensation third
quarter of 2016 gross profit was $85.2 million, or 43.4% of net
revenues. Ingredient costs were higher as a percentage of net revenues
for the third quarter of 2015, primarily due to the reduced available
egg supplies, which increased the egg ingredient prices to record highs.
Selling, general and administrative (“SG&A”) expenses were $29.1
million, an increase of $5.4 million, as compared to SG&A of $23.7
million for the third quarter of 2015. The increase in SG&A expenses
were primarily attributable to increases in field marketing, increases
in annual incentive compensation related to increases in operating
performance, professional fees and the addition of Superior.
GAAP net income was $33.5 million compared to a net loss of $4.1 million
in the third quarter of 2015.
Adjusted EBITDA was $55.6 million, an increase of $14.9 million, or
36.6%, compared to adjusted EBITDA of $40.7 million for the third
quarter of 2015. Adjusted EBITDA for the third quarter of 2016 was 28.4%
of net revenues, compared to adjusted EBITDA of 25.7% of net revenues in
the same period last year. Adjusted EBITDA is non-GAAP financial
measure. Please refer to the tables in this press release for a
reconciliation of non-GAAP financial measures.
Segment Review
Hostess has two reportable segments: Sweet Baked Goods and Other. The
Sweet Baked Goods segment consists of sweet baked goods and the Other
segment consists of branded bread, buns and in-store bakery products.
Please refer to the tables in this press release for segment financial
disclosures.
Sweet Baked Goods Segment: Net revenues for quarter were
$174.0 million, an increase of $19.6 million, or 12.7%, compared to net
revenues of $154.4 million for the third quarter of 2015. Gross profit
was $79.7 million, or 45.8% of net revenues, compared to gross profit of
$58.4 million, or 37.8% of net revenues for the third quarter of 2015.
Other Segment: Net revenues for quarter were $22.2
million, an increase of $18.5 million, or 502.6%, compared to net
revenues of $3.7 million for the third quarter of 2015. Gross profit was
$6.9 million, or 31.1% of net revenues, compared to gross profit of $1.2
million, or 32.4% of net revenues for the third quarter of 2015.
Balance Sheet and Cash Flow
As of September 30, 2016, Hostess had cash and cash equivalents of $64.2
million and approximately $97.2 million available for borrowing, net of
letters of credit, under its revolving line of credit. Following the
completion of the Business Combination on November 4, 2016, the Company
had cash and cash equivalents of approximately $7.5 million and net debt
of $991.8 million.

HOSTESS HOLDINGS, L.P.

CONSOLIDATED BALANCE SHEETS

(Dollars in thousands)

September 30,

December 31,

ASSETS

2016

2015

(Unaudited)

Current assets:

Cash and cash equivalents

$

64,220

$

64,473

Restricted cash

8,215

4,655

Accounts receivable, net

58,853

38,860

Inventories

29,280

25,130

Assets held for sale

—

4,000

Prepaids and other current assets

11,550

2,041

Total current assets

172,118

139,159

Property and equipment, net

147,025

128,078

Restricted cash

9,010

17,225

Intangible assets, net

291,947

263,579

Goodwill

81,575

56,992

Deferred finance charges

1,422

1,696

Other assets, net

7,569

7,142

Total assets

$

710,666

$

613,871

LIABILITIES AND PARTNERS’ DEFICIT

Current liabilities:

Long-term debt and capital lease obligation payable within one year

$

9,401

$

9,250

Accounts payable

46,660

28,053

Accrued expenses

24,880

20,577

Deferred distributions to partners

8,215

4,655

Other liabilities

538

565

Total current liabilities

89,694

63,100

Long-term debt and capital lease obligation

1,189,542

1,193,667

Deferred distributions to partners

9,010

17,225

Deferred tax liability

11,457

—

Total liabilities

1,299,703

1,273,992

Commitments and contingencies

Partners’ deficit

(554,601

)

(622,130

)

Noncontrolling interest

(34,436

)

(37,991

)

Total liabilities and partners’ deficit

$

710,666

$

613,871

HOSTESS HOLDINGS, L.P.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands)

(Unaudited)

Three Months Ended

Nine Months Ended

September 30, 2016

September 30, 2015

September 30, 2016

September 30, 2015

Net revenue

$

196,197

$

158,213

$

548,758

$

473,789

Cost of goods sold

113,618

95,942

309,461

269,997

Recall costs related to flour

(4,000

)

—

—

—

Special employee incentive compensation

—

2,649

—

2,649

Gross profit

86,579

59,622

239,297

201,143

Operating costs and expenses:

Advertising and marketing

10,381

9,096

27,529

25,101

Selling expense

8,271

7,242

23,175

22,783

General and administrative

10,437

7,367

31,442

24,250

Amortization of customer relationships

503

155

1,003

467

Special employee incentive compensation

—

1,274

—

1,274

Impairment of property and equipment

—

1,525

7,300

1,950

Loss on sale/abandonment of property and equipment and bakery
shutdown costs

213

90

440

1,005

Related party expenses

1,058

1,236

3,432

3,700

Total operating costs and expenses

30,863

27,985

94,321

80,530

Operating income

55,716

31,637

144,976

120,613

Other expense:

Interest expense, net

18,004

14,136

53,748

31,806

Loss on debt extinguishment

—

18,121

—

25,880

Other (income) expense

4,222

3,444

9,411

(8,680

)

Total other expense

22,226

35,701

63,159

49,006

Income (loss) before income taxes

33,490

(4,064

)

81,817

71,607

Income tax provision (benefit)

(23

)

—

294

—

Net income (loss)

33,513

(4,064

)

81,523

71,607

Less: Net income (loss) attributable to the noncontrolling interest

2,329

(204

)

4,110

3,580

Net income (loss) attributable to Hostess Holdings, L.P.

$

31,184

$

(3,860

)

$

77,413

$

68,027

HOSTESS HOLDINGS, L.P.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Dollars in thousands)

(Unaudited)

Nine Months Ended

September 30,

2016

Nine Months Ended

September 30,

2015

Operating activities

Net income

$

81,523

$

71,607

Depreciation and amortization

9,054

7,158

Impairment of property and equipment

7,300

1,950

Non-cash interest expense-debt fee amortization

2,486

2,547

Non-cash loss on debt extinguishment

—

16,005

Unit-based compensation

689

1,264

Gain on sale/abandonment of property and equipment

(153

)

(21

)

Change in operating assets and liabilities

Accounts receivable

(17,871

)

(10,469

)

Inventories

(1,850

)

(3,129

)

Prepaids and other current assets

(9,397

)

(792

)

Accounts payable and accrued expenses

17,335

25,941

Other

397

316

Net cash provided by operating activities

89,513

112,377

Investing activities

Purchases of property and equipment

(23,995

)

(22,306

)

Acquisition of Superior, net of cash

(50,091

)

—

Proceeds from sale of assets

4,350

409

Proceeds from sale of marketable securities

—

42,960

Restricted cash release

—

1,762

Acquisition and development of software assets

(1,917

)

(1,745

)

Net cash provided by (used in) investing activities

(71,653

)

21,080

Financing activities

Repayments of debt and capital lease obligation

(6,985

)

(496,250

)

Proceeds from issuance of long-term debt

—

1,225,000

Debt fees

—

(22,819

)

Distributions to partners

(10,573

)

(952,875

)

Distributions to noncontrolling interest

(555

)

(46,765

)

Net cash used in financing activities

(18,113

)

(293,709

)

Net decrease in cash and cash equivalents

(253

)

(160,252

)

Cash and cash equivalents at beginning of period

64,473

209,623

Cash and cash equivalents at end of period

$

64,220

$

49,371

Supplemental Disclosures Of Cash Flow Information:

Cash paid during the period for:

Interest

$

50,799

$

18,284

Supplemental disclosure of non-cash investing:

Accrual of purchases of property and equipment

$

2,072

$

228

Hostess has two reportable segments: Sweet Baked Goods and Other. The
Sweet Baked Goods segment consists of sweet baked goods that are sold
under the Hostess® and Dolly Madison brands. In April 2015, Hostess
launched Hostess® branded bread and buns. As a result, Hostess added a
reportable segment called Other, to include Hostess® branded bread and
bun products. In May 2016, Hostess purchased Superior, which
manufactures and distributes eclairs, madeleines, brownies, and iced
cookies in the “In-Store Bakery” section of grocery and club retailers.
The operations of Superior have been included in the reportable segment
called Other. The Hostess® branded bread and buns operating segment, the
In-Store Bakery operating segment, and other were aggregated and
presented within Other as a result of not meeting the 10 percent
quantitative threshold tests in accordance with FASB ASC 280-10-50-12.
Hostess evaluates performance and allocates resources based on net
revenue and gross profit. Information regarding the operations of these
reportable segments is as follows:

Thank You

Finance

We have been in the title loans industry for over 4 years and have helped people get out of tight situations, ranging from hospital bills to starting new businesses. We are here to help you get the money you need until you can get yourself back on track.